BSE to replace Wipro in India's benchmark Nifty 50 index
Reuters 1 hr ago·10 Aug 2026, 2:51 pm
Economy Reuters
BSE Ltd. has announced that it will replace Wipro in the Nifty 50 index, a major benchmark for the Indian stock market. This change is scheduled to take effect in the upcoming index rebalancing, which happens semi-annually. The move means that BSE's stock will now be part of the basket of 50 largest and most liquid companies, while Wipro will be dropped.
This shift is significant for investors because funds that track the Nifty 50 are legally required to buy the new stock and sell the old one to match the index. Consequently, BSE is expected to see increased buying pressure, while Wipro may face selling. This can impact the stock prices of both companies, making the index rebalancing a key event to watch for market participants.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
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